Tag Archives: Asia Economy

[ad_1] Everyone is traveling, it seems. Data shows people are traveling more often and for longer periods of time, with many planning big bucket list-style trips this year. But this isn’t the reality for all. Another group of people are quietly emerging from the pandemic with little to no interest …

[ad_1] Macao’s government relies on casinos for over 80% of its income, with most of the population employed directly or indirectly by the casino industry. Dragon For Real | Moment | Getty Images With mandatory quarantines lifted, ferry and airline service resuming, and licenses renewed, casinos hope 2023 marks a …

[ad_1] Adar Poonawalla became the CEO of the world’s largest vaccine manufacturer, Serum Institute of India, when he was 30 years old. | Bloomberg | Getty Images Adar Poonawalla became the CEO of the world’s largest vaccine manufacturer, Serum Institute of India, when he was 30 years old. But that …

[ad_1] China’s reopening could bring opportunities as well as risks to its economy, Albert Park, chief economist at the Asian Development Bank told CNBC.  Although the lifting of Covid restrictions in China would boost growth prospects for the country and other economies, it could also lead to an increase in …

[ad_1] Police officers step into the vandalized gateway to Sri Lanka’s presidential palace in July. The country has been hit hard by an economic crisis. Abhishek Chinnappa | Getty Images News | Getty Images Curtis S. Chin, a former U.S. ambassador to the Asian Development Bank, is managing director of …

[ad_1] Inflation has already peaked, but it will remain above pre-Covid levels in 2023, said David Mann, chief economist for Asia-Pacific, Middle East and Africa at the Mastercard Economics Institute. “Inflation has seen its peak this year, but it will still be above what we had been used to pre-pandemic …

[ad_1] It’s been more than 3 decades since Soo-man Lee founded SM Entertainment, one of South Korea’s music agencies known for bringing K-pop to the world. The entertainment company, originally founded as SM Studio in 1989, became one of the first to kickstart the global Hallyu wave — better known …

[ad_1] SM Entertainment’s SMTown entertainment complex in Seoul, South Korea, in 2015. SM Entertainment declined to say how much the company is investing into its Southeast Asian expansion, but said it’s “in the midst of hiring more local talents, which will hopefully increase the full-time staff count.” SeongJoon Cho | …

[ad_1] While Chinese authorities could gradually unwind restrictions in March, zero-Covid policies are starting to hurt global confidence in the country’s industrial supply chains, said Li Daokui, Mansfield Freeman professor of economics at China’s Tsinghua University. In the short term, supply chains will be largely unaffected since factories are still …

[ad_1] I thought I managed to beat the tourist crowds on my recent trip to Japan. On my first night in Osaka, I managed to get a picture with the famed Glico sign without anyone else in the background. Zoom In IconArrows pointing outwards Days later, CNBC’s Abigail Ng saw …